Just In
- 4 hrs ago 11 Exciting Features Coming With Android 15: Satellite Connectivity, App Pairs, App Archiving, and More
- 5 hrs ago Best Phones Under Rs 15,000 That Are Optimised for BGMI (PUBG Mobile)
- 22 hrs ago Best Noise-Cancelling Earbuds Under Rs 5,000: CMF Buds Pro, Redmi Buds 5, Realme Buds Air 5, and More
- 22 hrs ago How to Get Zomato Gold Membership Worth Rs 999 for Free
Don't Miss
- Movies Deepika Padukone Inspired Top 5 Hairstyles: Messy Bun To Sleek Ponytails, Here's Singham 3 Actress' Best Picks
- News Maldives Parliamentary Polls Today: Litmus Test For Prez Muizzu's Anti-India Policy
- Sports IPL 2024: Fans criticise Rishabh Pant for his knock vs SRH: 'Doesn't appear fit enough to represent India'
- Finance 1:10 Split, 1 Bonus, 23 Dividend: Crorepati Stock, Tata's Gems & Jewellery Turns Rs 25K To Rs 2 Cr; BUY In Apr
- Automobiles Next-Gen Maruti Suzuki Dzire To Get More Features & Unique Styling – Check Out All The Details Here
- Lifestyle Summer Fashion: Your Bollywood-Style Ethnic Outfits Guide For Sun-kissed Sophistication
- Education Assam Class 10 Result 2024 Declared: Anurag Emerged as the Top Performer With 593 Marks
- Travel Journey From Delhi To Ooty: Top Transport Options And Attractions
Samsung Plans To Increase Investment in India's 4G Market
Korean technology major Samsung has committed to scale up its investments in India's 4G market in a meeting with telecom minister Ravi Shankar Prasad, while LG expressed great faith in the 'changed investment climate.'
Recommended: Top 5 Smartphones That Got Launch in India This Week
"Met CEO Samsung. Discussed NOFN and Smart city projects. They are keen on India's 4G mobile market. (They) want to increase investment," Prasad tweeted after his meeting.
Click Here For The Latest Smartphone Gallery
Major Indian telecom operators, including Reliance Jio, plan to start 4G services from next year. Bharti Airtel and Aircel have already launched these high-speed services in some parts of the country.
Prasad is on a 5-day visit to South Korea to woo investments in the country in the field of electronics manufacturing and under the 'Make In India' program.
The Telecom Ministry in a statement on Prasad's visit said that Samsung IT and mobile communications president and CEO Jong Kyun Shin in the meeting with the minister "expressed great hope in the India's 4G mobile market and expressed his desire to make big investments in India".
The Samsung CEO appreciated Indian engineers in making Samsung a big success across the world.
Samsung has one its biggest R&D centres in India. It also has electronics manufacturing units that manufacture products like mobile phones and TV sets.
Government has set a target to have net zero import of electronics by 2020.
As per official estimates, Indian electronics market will be around $400 billion (about Rs 24 lakh crore) by 2020 and in the absence of corrective measures to boost electronics manufacturing, those imports would be around $300 billion (about Rs 18 lakh crore) by the same year.
Recommended: Apple iPhone 6 Plus Vs Google Nexus 6: Who Is The King ?
The minister also talked about National Optical Fiber Network programme - which aims to connect all 2.5 lakh village panchayat by 2017 - and the Smart City plan.
Government has plan to develop 100 smart cities, as satellite towns of larger cities and by modernizing the existing mid-sized cities.
The telecom minister will also attend the Plenipotentiary Conference 2014 of the International Telecom Union - an arm of United Nations which decides on global telecom rules and standards.
The minister met LG Electronics vice chairman and CEO Bon Joon Koo who "expressed great faith in the changed investment climate in India".
"The minister desired LG Electronics to make India its global manufacturing hub," the statement said.
Prasad also met LG Chemical president Young Soo Kwon and shared the vision of Indian government for promoting solar power as a clean source of energy and appealed for its investment in the country.
PTI
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599